Scynexis (SCYX) Looks to Add to Recent Gains
- S&P 500 ends higher as markets weigh rising yields, upbeat corporate results
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- Equities mixed as investors eye earnings; yen on intervention watch
- ServiceNow (NOW) stock falls as refreshed subscription outlook trails estimates
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
Scynexis (SCYX): Attractive Drug, Low Valuation, Consolidating Industry - Guggeheim
August 17, 2016 6:38 AM EDTGuggenheim analyst, Louise Chen, initiated coverage on shares of SCYNEXIS (NASDAQ: SCYX) with a Buy rating and a price target of $15.
The buy thesis has 3 points:
1) SCY-078 for IC (invasive candidiasis) has the potential to be best-in-class antifungal with the only IV to oral step down available for... More